Collins was accused by Manhattan U.S. Attorney Geoffrey Berman of sharing inside information about a biotechnology company with his son and the father of his son’s fiancée in a scheme that allowed them to dodge nearly $800,000 in stock losses.

The congressman has denied any wrongdoing and has said he will continue his bid for reelection in his strongly Republican district.

Cuomo had hoped Lt. Gov. Kathy Hochul, who once held the seat and lost to Collins after the district was redrawn, would run against him again this year. But Hochul declined and is running for reelection.